Non-concessional contributions
Non-concessional contributions are generally contributions that are not tax deductible. They include:
- personal contributions that you do not claim as a tax deduction and
- contributions made for you by your spouse1 and
- certain amounts transferred from an overseas pension scheme which are not taxed in the Fund.
These contributions are also subject to an annual contributions cap. However contributions that are excluded from this limit include Government co-contributions, certain CGT exempt small business sale proceeds and personal injury proceeds where certain conditions are met.
1The Government has enacted legislation to extend the definition of spouse in tax legislation to include a same-sex de facto partner from 1 July 2009.
